Shein’s Hong Kong IPO Opens to Tepid Reception After Valuation Reset
Shein’s long-anticipated listing in Hong Kong on Sept. 1 marks the culmination of a protracted drive to access public capital after failed attempts to list in the West. Early signals from gray-market trading point to an uninspiring start, with the stock indicated at more than 10% below the IPO price and the offering valuing the company at roughly $…